S.Korea’s current account surplus near 3-year high on chips

South Korea’s current account surplus touched a near three-year high in February as goods exports continued to grow on strong overseas sales o...

BGF to vigorously expand convenience stores in Kazakhstan

BGF Retail Co., South Korea’s biggest convenience store chain operator, will expand aggressively in Kazakhstan, creating the potential to cran...

Breezm lands in US with plan to open 100 stores in 5 years

Breezm, a South Korean startup making customized eyeglasses with artificial intelligence and 3D technologies, has opened its first offshore store in...

Hanwha, 1st Korean insurer to earn dividends from overseas unit

Hanwha Life Insurance Co. is set to earn dividends from its Vietnamese subsidiary, reporting a cumulative profit after 15 years, becoming South Kore...

Foreign buying of Korean stocks hit record high in Q1

Foreign investors gobbled up a record 15.8 trillion won ($11.7 billion) worth of stocks listed in South Korea during the first three months of this ...

Hahn & Co. overhauls Namyang board, ending family control

Private equity firm Hahn & Co. on Friday won shareholder approval to replace Namyang Dairy Products Co.'s board of directors with Hahn's executi...

Hyundai Motor opens N brand tuning online shop

Hyundai Motor Co. announced on Friday that it opened an online shop for its high-performance car N brand's tuning, The N Performance Shop. The ...

Samsung Fire headquarters up for sale at about $746 mn

The Samsung Fire & Marine Insurance Co. headquarters building in Seoul is on the market at a valuation of more than 1 trillion won ($746 million...

LG injects $97 mn into Vista Equity’s fund for new tech investments

LG Group, South Korea’s fourth-largest conglomerate, injected $97 million into a fund run by Vista Equity Partners Management LLC for investme...

Solo Leveling: Arise, Netmarble's webtoon-based game to spur turnaround

South Korean game developer Netmarble Corp. said on Tuesday it is set to launch “Solo Leveling: Arise” — a new title based on a po...

Upstage establishes US subsidiary in Silicon Valley

South Korea's artificial intelligence (AI) startup Upstage announced on Monday that it established the US corporation Upstage AI in Silicon Valley, ...

Korea's Shinhan, Hana accelerate overseas push after record profits

South Korean major banks aim to accelerate their expansions in other countries as their overseas investments paid off with record profits last year ...

DGB Financial launches overseas asset management

South Korea's DGB Financial Group announced on Thursday that it opened its first overseas subsidiary Hi Asset Management Asia (HiAMA) in Singapore.H...

Hyundai Rotem unveils lamination press for EV motor cores

South Korea's Hyundai Rotem Co. announced on Wednesday that it unveiled a lamination press for electric vehicle (EV) motor cores at its Dangjin plan...

KT&G’s No. 1 shareholder IBK vetoes naming Bang as CEO

South Korea’s KT&G Corp., the world’s leading tobacco maker, is facing challenges in its chief executive appointment as the firm&rsq...

Hyundai L&C targets US, India with premium finishing material

Hyundai L&C, South Korea’s Hyundai Department Store Group’s building materials unit, said on Tuesday that it will increase the propo...

SK Ecoplant, TES to enter Japan’s battery recycling market

SK Ecoplant Co., a South Korean construction engineering and waste management firm, said on Tuesday it is entering Japan’s battery recycling m...

Foreign venture funding for Korean startups picks up

South Korean startups raising funds from overseas venture capital firms nearly doubled in the first two months of this year from a year ago, heighte...

Coupang launches direct purchase service to Japan

Coupang Inc., South Korea's leading e-commerce platform, announced on Monday that it is expanding its overseas direct purchase service, "Rocket Jikg...

South Korea’s Daesang retracts bid to acquire China’s Chengfu Food

South Korea’s food giant Daesang Corp. has retracted its bid to acquire a controlling stake in China’s leading food additives maker Heil...

Chung Yong-jin, now chairman, to bring Shinsegae back from doldrums

Chung Yong-jin, vice chairman of South Korea’s retail giant Shinsegae Group, has been promoted to chairman to strengthen his clout over the co...

S.Korea’s GNI per capita rebounds in 2023 as won stabilizes

South Korea’s gross national income (GNI) per capita rebounded last year as the won currency stabilized amid signs of a recovery in exports fr...

Mirae Asset's Indian unit boosts retail brokerage services

South Korean brokerage house Mirae Asset Securities Co. said on Tuesday that the number of its retail customer accounts in India, one of the world&r...

Seoul City, Cyber Vally to support AI startups for overseas expansion

Seoul City announced on Tuesday that it will collaborate with Cyber Valley GmbH, Europe's largest artificial intelligence (AI) research consortium, ...

S.Korean boiler firms expand exports

Despite a global economic slowdown, South Korea's overseas exports of boilers and water heaters increased 4.9% year over year by $478.3 million in 2...

Kia Niro surpasses 1 million global sales

Kia Corp.'s Niro, a compact crossover SUV hybrid and electric vehicle (EV) model, has surpassed the 1 million global sales milestone since its first...

SK Telecom invests in Lambda to foray into AI cloud market

SK Telecom Co., South Korea’s largest mobile carrier, said on Wednesday it has invested in Lambda, a graphics processing unit (GPU) cloud prov...

KT to participate in MWC 2024 with five Korean startup partners

South Korea’s KT Corp. announced on Tuesday that it will participate in the world's largest mobile exhibition MWC 2024 to be held in Barcelona...

LG Innotek hastens to lead autonomous driving solution

LG Innotek Co., South Korea’s major camera module supplier seeking to reduce its hefty reliance on Apple Inc. for earnings, has unveiled its l...

India equity funds top overseas stock funds in S.Korea

India equity funds registered in South Korea have doubled their investors' wealth over the past five years, luring high-net-worth individuals lookin...